MUHAMMAD QASIM
Riyadh,Saudi Arabia
Summary
Detail-oriented professional with strong expertise in financial software and office applications, including SAGE, MS Office, and QuickBooks. Demonstrates proficiency in VAT return preparation and risk assessment, with a solid understanding of PeopleSoft systems. Committed to leveraging skills in financial management to drive efficiency and accuracy in accounting processes.
Overview
20
20
years of professional experience
Work history
Senior Financial Accountant
UPS
Riyadh, Saudi Arabia
2010.12 - Current
- Maintain and monitor all books of Accounts.
- Develop procedures and accurate implementation of recording, classifying, and summarizing of daily financial transactions.
- Ensure general ledger, subsidiary ledgers, and other financial records and schedules are accurately maintained.
- Ensure timely follow up of Accounts Receivable and Payable.
- Ensure all accounting entries passed are supported by necessary documents and approvals.
- Ensure all proper documentation for all financial matters such as Purchases, Fixed Assets Register, Disposals, etc.
- Monitoring employee related transactions such as Salaries, payment of advances, loans recovery, provisions, etc.
- Monthly Reconciliation for some ex: sundry Debtors & Creditors.
- Reconcile sub ledgers to general ledger resolve differences.
- Resolve accounting issues and discrepancies.
- Assists with preparation of Financial Statements by collecting, analyzing, and summarizing account information, variations, and trends.
- Any special task assigned by management.
- Multinational co.
- Report to Finance Manager.
- Streamlined operations with implementation of advanced accounting software.
- Conducted financial due diligence for potential acquisitions.
- Oversaw accounts payable and receivable, improving cash flow management.
- Managed complex budgets to drive cost savings.
- Regularly updated company's fixed asset register; enhanced accuracy in depreciation calculations.
- Prepared monthly, quarterly and annual reports for regulatory compliance.
- Developed new forecasting models to enhance business planning.
- Validated all balance sheet accounts on monthly basis for accuracy.
- Implemented efficient payment processing systems to reduce transaction time.
- Liaised with external auditors, ensuring clean audits annually.
- Performed risk assessments; mitigated potential financial threats.
- Provided insightful recommendations to top management after detailed budget analysis.
- Partnered with senior management for strategic planning; improved efficiency.
- Implemented cost control measures, reducing operational expenses.
- Facilitated transfer pricing activities between international entities efficiently.
- Reconciled general ledger discrepancies swiftly; maintained high quality financial records.
- Enhanced financial decision-making by conducting detailed financial analysis.
- Collaborated with audit team to streamline internal controls.
- Coordinated year-end procedures, ensuring smooth transition into new fiscal year.
- Ensured accurate tax filing, resulting in no penalties from HMRC.
- Supported senior leadership in driving process governance and measuring process effectiveness.
- Contributed to half-year and year-end processes, swiftly addressing audit requests.
- Presented monthly financial results to key stakeholders, highlighting risks and opportunities.
- Raised and resolved issues with senior management, maintaining adherence to accounting policies.
- Led team in executing monthly accounting and month-end close activities to period-end close timelines.
- Reviewed processes, proactively identifying opportunities for standardisation, streamlining and improvement.
- Oversaw balance sheet reconciliation including payroll VAT, fixed assets and accruals.
- Produced high quality balance sheets, cash flow forecasts and working capital reports on monthly basis.
- Managed and developed team, setting smart objectives for success.
- Reconciled expense reports and financial statements to enforce established cost controls.
- Pushed reports, budget forecasts and preliminary tax documents through appropriate channels to facilitate timely data distribution.
- Developed financial projections to inform forecasting, strategic planning and resource allocation.
- Determined problem areas and resolved issues related to profitability and business objective achievement.
- Oversaw A/P and A/R functions, delegating team takes to meet business demand.
- Performed periodic expense variance analysis between budget, forecast and actual amounts.
- Automated tasks and maintained precise records with industry-leading accounting software.
- Participated in weekly meetings to discuss goals and areas of improvement.
- Reviewed and processed employee expense reports and vendor invoices for payment.
- Updated journal entries and accounts on accrual basis with Xero software.
- Suggested actionable cost-saving initiatives to reduce budget overages and increase revenue.
- Conducted wage reviews to support internal audits.
- Cultivated excellent relationships with finance business partners, resolving variances to meet reporting and timing requirements.
- Helped resolve disputed claims as official client representative to tax officials.
- Followed up with customers to collect specific financial information and verify details for preparation of [Type] forms.
- Produced accurate tax returns complying with official requirements and serving client needs for minimising liabilities.
- Conducted regular reviews and official audits to validate recordkeeping and controls.
- Analysed budgets and financial projections for accurate reporting of company performance.
- Trained new employees on accounting principles and company procedures.
- Organised and carried out month-end, quarterly and year-end processes.
- Assisted with developing and ongoing control of costing and pricing systems for business goods.
- Compiled financial data for business forecasting and budgeting.
- Assessed accounts and accounting systems in cases of alleged criminal activity.
Customer Relation Supervisor (CRM)
Royal Bank of Scotland
Karachi
2008.01 - 2010.06
- Maintaining Cash book record.
- Cross checking cheque MIS.
- System cross checking.
- Maintaining Productivity & Performance.
- Settlements as per policy.
- Resolving customers complains.
- Correspondence with service quality department against complains.
- Multinational Bank.
- Resolved customer complaints promptly, resulted in increased customer satisfaction rates.
- Managed daily operations to increase productivity.
- Ensured smooth operations with regular maintenance checks.
- Organised team resources, resulted in improved project timelines.
- Improved team efficiency by implementing new scheduling practices.
- Reduced workplace conflicts through effective communication and negotiation skills.
- Delegated tasks appropriately, achieved balanced workload among team members.
- Conducted performance appraisals with employees for career development discussions.
- Encouraged open dialogue amongst team members, promoted inclusive work environment.
Team Leader (CRM)
Standard Chartered Bank
Karachi
2006.11 - 2007.12
- Collection Strategy Implementation.
- Team Management.
- Up-dating systems.
- Correspondence with operations department.
- Cash Slips handling.
- Up-dating collection MIS according to system reflections.
- Multinational Bank.
- Devised actionable plans towards achieving set business objectives within deadlines.
- Handled employee grievances professionally, minimizing potential workplace disputes.
- Reduced staff turnover with effective motivation strategy.
- Conducted regular performance reviews to identify areas of improvement for each team member.
- Prioritized tasks according to urgency and importance, optimizing workload allocation among team members.
- Streamlined workflow for more efficient process.
- Implemented new working methods which improved overall efficiency of team operations.
Education
Masters - FINANCE
Bachelor of Commerce - B.COM
University For Karachi
Karachi03.2006
Skills
- SAGE - Good - Used at UPS
- MS Office - Above Average - Always Using
- Familiarity with sage
- VAT return preparation
- Risk assessment and mitigation
- Experience with people soft
- Compliance awareness
- Corporate finance knowledge
- Cost analysis techniques
- Income statement expertise
- Financial audit conducting
- Ethical practice
- Internal control assessment
- Advanced excel usage
LANGUAGES
English - Excellent (both Spoken & Written / Drafting)
Urdu - Excellent (both Spoken & Written / Drafting)
Arabic - Average
PERSONAL INFORMATION
- Father’s Name: Amanullah
- Nationality: Pakistani
- Religion: Islam
- Marital Status: married
- Age: 40 years
- IQAMA Status: Transferable
- Profession on IQAMA: Financial Analyst Specialist
Timeline
Senior Financial Accountant
UPS
2010.12 - Current
Customer Relation Supervisor (CRM)
Royal Bank of Scotland
2008.01 - 2010.06
Team Leader (CRM)
Standard Chartered Bank
2006.11 - 2007.12
Masters - FINANCE
Bachelor of Commerce - B.COM
University For Karachi